Marginal Utility Is

question 343

Multiple Choice

Marginal utility is

• A) the utility received by the last consumer of a good.
• B) the total utility received from consuming a given quantity of a good divided by the number of units consumed.
• C) the change in total utility from consuming an additional unit of a good.
• D) the utility received from consuming the first unit of a good.

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Definitions:

Transportation Requirements

Specifications or conditions that need to be met for the movement of goods or people, including mode of transport, capacity, timing, and infrastructure needs.

Graphic Device

Hardware used to create, display, or manage visual content, such as a graphics card in a computer.

Uncertainty

The state of being unsure about the outcome of an event or the veracity of a fact.

Indifferent

A state of neutrality or lack of preference between two or more choices or outcomes.